A Locke Lord team led by Greg Heath and Jeannie Diep (both of Houston) represented Main Street Capital Corporation in two transactions in March 2020. First, Main Street completed a new portfolio investment in Cody Pools, Inc., a leading designer and builder of premium, highly customized swimming pools and spas for residential and commercial customers in the United States. Main Street funded $24.4 million in a combination of first-lien, senior secured term debt and a direct equity investment and, along with one co-investor, will provide Cody with a credit facility to support its future growth initiatives and working capital needs. Second, Main Street completed a new portfolio investment to facilitate the minority recapitalization of Classic H&G Holdings, LLC, a leading provider of engineered packaging solutions for the home and garden and fragrance and cosmetic industries. Main Street funded $31.8 million in a combination of first-lien, senior secured term debt and a minority direct equity investment. The Locke Lord team for both transactions included Sara Longtain, Jerry Higdon, Tammi Niven, Buddy Sanders, Ed Razim, Michelle Gutierrez-Begin and Matt McKenna (all of Houston).
Posted on April 2, 2020